Development authorities banned from doing business with unregistered real estate agents

Development authorities banned from doing business with unregistered real estate agents

ISLAMABAD: The government has barred all public and private development authorities from doing business with real estate agents who are not registered under the Anti-Money Laundering (AML) Act. The condition to suspend business with the…

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FBR Wins First Ever Court Conviction under Anti Money Laundering Act

FBR Wins First Ever Court Conviction under Anti Money Laundering Act

FBR has succeeded in winning the first ever case of conviction for the offence of money laundering based on massive tax evasion. The Directorate General I & I-IR had received financial intelligence in respect of…

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Weboc

Weboc

WeBOC is a web-based computerized clearance system, providing end to end automated customs clearance of import and export goods. The system was developed jointly by the Pakistan Customs and PRAL, and was first implemented on trial…

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FBR develops Single Sales Tax Portal

FBR develops Single Sales Tax Portal

Building further on its ongoing drive for digitization and automation of various processes involved in revenue collection, Federal Board of Revenue (FBR) has developed “Single Sales Tax Portal” to facilitate the taxpayers and ensure the…

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Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax terms explained in a plain and simple way. We have put together many of the most…

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Federal Cabinet Rejected Summary of Sugar and Cotton Imports from India

Federal Cabinet Rejected Summary of Sugar and Cotton Imports from India

On Thursday, the federal cabinet rejected a summary of sugar and cotton imports from India. According to media reports, a meeting of the Federal Cabinet was held under the chairmanship of Prime Minister Imran Khan…

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Taxation of Builders and Developers

Taxation of Builders and Developers

Taxation of Builders and Developers. There is a complete package covering tax impact from all aspects. Taxpayer is eligible to take the immunity for the same has to be made by June 30, 2021 previously…

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Significant progresses in corporate taxes

Significant progresses in corporate taxes

Currently, the Government of Pakistan has introduced amendments in the following areas, taking into account the extraordinary economic conditions caused by the Covid 19 epidemic. Developments in Tax Laws | Fixed tax regime introduced for…

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FBR launched electronic filing of appeals from 1st January 2021

FBR launched electronic filing of appeals from 1st January 2021

Federal Board of Revenue has launched Electronic Filing of Appeals with effect from 1st January, 2021. The Federal Board of Revenue has started electronic filing of appeals from January 1, 2021. Under with the orders…

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FBR’s datewise activities in year 2020

FBR’s datewise activities in year 2020

FBR ISSUES CLARIFICATION (Federal Board of Revenue has issued a clarification regarding extension in Prime Minister’s Construction package.) Dec 31, 2020 2.19 MILLION INCOME TAX RETURNS FILED Dec 26, 2020 SMUGGLED GOODS WORTH 29 BILLION SEIZED…

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